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Law for closing costs on cash-out refi

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cheridunlap Joined: 12 Nov 2009 Posts: 1 1.26 Dollars($)	Posted: Thu Nov 12, 2009 1:38 pm    Post subject: Law for closing costs on cash-out refi Like 0 Dislike 0 I have been told there is a law in Texas that we cannot be charged more than $3,000 in closing costs. Is this true?
savior70 Joined: 25 Mar 2009 Posts: 1895 Location: Florida 261.84 Dollars($)	Posted: Fri Nov 13, 2009 3:21 am    Post subject: Like 0 Dislike 0 Hi, As far as I'm aware of, in Texas, the closing costs on equity loans are capped at 3% of the principal amount borrowed. However, this does not include the points paid upfront to reduce the interest rate on the mortgage.
eric1 Community Expert Joined: 04 Jan 2009 Posts: 1511 226.89 Dollars($)	Posted: Fri Nov 13, 2009 9:39 am    Post subject: Like 0 Dislike 0 Oh yeah, but you can bring a gun to the closing table in Texas _________________ Eric JFree Rate Quote, Stated Income Loans FHA RATE QUOTE Mortgage Rate Quote

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